Russian Grain Markets: 1-5 October 2012 Harvesting Updates Russian Ag Minister Nikolai Fedorov on 9 October changed the 2012 grain harvest forecast in net weight to 71 MMT and in bunker weight to 74-75 MMT (from 72-73 MMT). Russian Vice Prime Minister Arkady Dvorkovich estimated net weight to be even lower at 70 MMT. As of 8 October, the total grain harvest in the country was 71 MMT of grains in bunker weight, including 39.2 MMT of wheat with an average yield of 1.88 MT/hectare. Export Updates Ag Minister Fedorov on 9 October said that Russia may supply not more than 10 MMT of grains to foreign markets in 2012/13. This grain export forecast is down from the previous estimate of 10-14 MMT. Geographically:
3rd grade soft milling whe...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
